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Refer to Scenario 7

question 50

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Refer to Scenario 7.2 below to answer the question(s) that follow.
SCENARIO 7.2: You are the owner and only employee of a company that sets odds for sporting events. Last year you earned a total revenue of $100,000. Your costs for rent and supplies were $50,000. To start this business you invested an amount of your own capital that could pay you a return of $20,000 a year.
-Refer to Scenario 7.2. Your accounting profit last year was

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Definitions:

Extend

In computing, to increase the size, capacity, or range of an entity or function.

Database Management System

Software that enables the creation, editing, and management of databases, facilitating data storage, manipulation, and retrieval.

Word Processing

The use of computer software to create, edit, and format text documents.

File Management

The practice of organizing, storing, and maintaining files and directories on a computer or storage system.

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